Swiggy successfully completed its Qualified Institutions Placement (QIP), raising INR 10,000 crore. The QIP witnessed strong participation from both global and domestic institutional investors. Proceeds will be used to strengthen core businesses, scale Instamart, maintain financial prudence and invest in innovation. The issue price was set at INR 375.0 per equity share, with a 4% discount.
QIP Overview
Swiggy has finalized its Qualified Institutions Placement (QIP) of equity shares, successfully raising INR 10,000 crore. The placement attracted significant interest from marquee global and domestic institutional investors, showing a strong vote of confidence in Swiggy’s business model.
Key Details of the Placement
The issue was launched on December 9, 2025, and concluded on December 12, 2025. The issue price was fixed at INR 375.0 per equity share, representing a 4% discount to the floor price of INR 390.5 per equity share.
Investor Participation
The QIP saw participation from over 80 investors, with allocations made to 61 investors; of which over 15 are new shareholders. 21 mutual funds participated including each of the top 10 MFs. There was healthy interest from 8 domestic insurance companies and key global investors, including Capital Group and Government of Singapore (GIC).
Use of Proceeds
The funds raised through the QIP will be allocated to several key areas:
- Expanding and improving the quick commerce fulfilment network, including dark stores and warehouses.
- Investing in technology and cloud infrastructure.
- Boosting brand marketing and promotion to enhance brand awareness.
- Funding inorganic growth through strategic acquisitions.
Management Commentary
According to Sriharsha Majety, MD & Group CEO, Swiggy Limited, the strong response to the QIP reflects confidence in Swiggy’s business fundamentals and long-term value creation roadmap. The additional capital will allow Swiggy to strengthen core businesses, scale Instamart, and invest in innovation.
Advisors
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and Citigroup Global Markets India Private Limited served as the Book Running Lead Managers for the QIP.
Source: BSE